Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (4189)	2/25/2004 4:40:55 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 81568

Fed official says outsourcing good Poole says lost U.S. jobs are hurtful, but ultimately beneficial; he expects more jobs in '04. February 20, 2004: 10:02 AM EST ST. LOUIS (Reuters) - St. Louis Federal Reserve President William Poole said Friday the movement of jobs from the United States to low-wage countries was painful but ultimately good for the economy. "You have to regard this process in the sweep of U.S. history as desirable because we are all better off. No question, these adjustments are difficult and painfully difficult... But it is not a process we should want to block or stop," said Poole, who is a voting member of the Fed's policy making committee, during audience questions after a meeting of the AAIM Management Association. In his prepared remarks, Poole said he sees the U.S. economy growing 4 to 5 percent this year -- growth he said should generate "significant increases" in employment. But Poole said inflation should stay benign in 2004, and it was the Fed's inflation-fighting credibility that allowed it to say in its last post-meeting statement that it could be "patient" on interest-rate increases. "Besides the rebound in structural labor productivity growth observed since 1995, probably the most important domestic economic development over the last quarter-century has been the achievement of price stability -- or at least, something pretty close to it," Poole said. --------------------------------------------------------------------------------

To: Lizzie Tudor who wrote (4189)	2/25/2004 6:04:32 PM
From: American Spirit	Respond to of 81568

If Arnold would volunteer to pay more taxes until the budget is balanced his milionaire and billionaire friends would go along with it. But he won't. Arnold has always been a greedy SOB. And a huge egomaniac. He's got a nerve asking the constitution be changed so he can run for prez. He is also very dishonest when he claims Bush will carry California in November. Bushies are the ones behind the 20 billion energy ripoff. Bush will be lucky to get 40%.